Blue Earth Capital completes innovative GP-led secondary transaction to support Moniepoint

Baar-Zug, Switzerland, October 21, 2025

Blue Earth Capital (“BlueEarth”), a specialist global impact investor, today announces a private equity secondary investment in Moniepoint Inc (“Moniepoint”), a leading fintech providing digital financial services to Micro, Small, and Medium Enterprises (MSMEs) and underserved consumers in Africa.

The investment was made through Blue Earth Capital’s investment vehicles, including a mandate managed on behalf of Stella (Germany). It demonstrates BlueEarth’s continued commitment to improving access to basic financial services to the underserved across Africa, as well as developing and deepening the secondaries market on the continent.

Moniepoint develops and implements digital banking and payment solutions tailored to MSMEs, including accessible and affordable loans to the underserved. The company has established an offline sales network across Nigeria to onboard customers and provide ongoing support.

Moniepoint operates across all of Nigeria’s 36 states and is driving greater financial inclusion in the country. Half of Nigeria’s adult population has limited access to financial services, its bank branch concentration of 4 per 100,000 people being only one third of the global average. Furthermore, only around 12% of Nigerian SMEs can rely on financial services from conventional banks. The majority rely on support from friends and family to finance their businesses. Through its agent network, Moniepoint has significantly increased businesses’ and consumers’ access to essential financial services. The company currently serves 4 million active businesses each month, the vast majority of which are MSMEs. Around one third of the MSMEs Moniepoint finances have previously been unable to access formal credit lines.

Blue Earth Capital’s investment was executed as a single-asset GP-led secondary transaction in partnership with Lightrock, a global sustainable investment platform with dedicated operations in Africa. BlueEarth acquired a minority shareholding in Moniepoint from willing sellers including: British International Investment, the UK’s development finance institution and impact investor; and the Moniepoint Employee Share Option Programme, (‘ESOP’). The transaction facilitated the return of capital to incumbent African LPs, enabling them to reinvest capital in the region whilst concurrently giving Moniepoint employees access to liquidity.

The innovative transaction structure coupled with the inherent impact of Moniepoint’s business model aligns with Blue Earth Capital’s dual mission of generating compelling, tangible impact alongside financial returns and demonstrates the firm’s continued commitment to advancing financial service accessibility for the underserved across Africa.

David Moore, Director, Private Equity Partnerships at Blue Earth Capital, highlighted: “We are delighted to partner with Lightrock and invest in Moniepoint through this innovative secondary transaction. Deepening secondary market activity in Africa is a key priority for Blue Earth Capital as we seek to mobilize new investor capital to the continent through enabling access to high-impact, category leading businesses. We are excited to back Moniepoint’s innovative, tech-enabled, democratized business model that drives broad-based, affordable financial services access to MSMEs and consumers in the region.”

Tosin Eniolorunda, CEO of Moniepoint, added: “We are thrilled to welcome Blue Earth Capital as an institution that deeply shares our commitment to impact. This is a significant milestone, providing exit options for some of our early backers and, most importantly, offering life-changing liquidity to our dedicated employees. In BlueEarth, we have gained a partner perfectly aligned with our mission to drive financial happiness, ensuring that we can continue building the financial backbone for Africa’s businesses with a team that directly benefits from our growth.”

Ravi Sharma, Partner at Lightrock, said: “Since Lightrock first partnered with Moniepoint in 2021, we have been impressed by its progress in empowering SMEs and building a more inclusive financial system. In that time, the business has grown from a simple payments processor powering about 100 thousand Nigerian businesses to a multi-product digital bank supporting over 4 million businesses and over 6 million consumers with a presence in Nigeria, and the UK. The path ahead is equally promising and we at Lightrock are delighted to partner with exceptional investors such as Blue Earth Capital to continue to support the Moniepoint team as they transform Africa’s financial landscape.”

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Note to editors

About Blue Earth Capital
Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and market-rate financial returns. The company operates dedicated private equity, private credit, and fund solutions as well as separately managed accounts. Blue Earth Capital is owned by the Blue Earth Foundation, a Stiftung (charity/trust) registered in Switzerland that focuses on deep impact to support initiatives and business ventures to help deliver a more equitable and sustainable future. For more information, please visit https://blueearth.capital/.

About Moniepoint
Moniepoint Inc. is Africa’s all-in-one financial platform, helping over 10 million businesses and individuals access seamless payments, banking, credit, cross border, and business management tools each month. As Nigeria’s largest merchant acquirer, it powers most of the country’s Point of Sale (POS) transactions. Through its subsidiaries, Moniepoint Inc. processes over $250 billion in digital payments transaction value annually. For more information, please visit https://moniepoint.com/.

About Lightrock
Lightrock is a global investment platform committed to building a sustainable future. Operating across private and public markets, Lightrock manages over $5.5 billion in assets and invests in Europe, North America, Latin America, Asia, and Africa. Lightrock is a certified B Corp with a dedicated team of over 130 professionals working across a network of six offices. Lightrock’s private market investing is focused on backing purpose-driven entrepreneurs tackling the world’s biggest challenges. Lightrock has invested in more than 90 companies that pursue scalable and tech-driven business models around the key impact themes of people, planet, and productivity. For more information, visit www.lightrock.com. 

About British International Investment
British International Investment is the UK’s development finance institution and impact investor. BII is a trusted investment partner to businesses in Africa, Asia and the Caribbean. It invests to support the UK Government’s Clean Green Initiative and to create productive, sustainable and inclusive economies in our markets. Over the next five years, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which raised over $16 billion to empower women’s economic development from 2021-2022.  BII invested $813 million in 2X qualified businesses in 2022. The company has investments in over 1,470 businesses in emerging economies across 65 countries and total assets of £8.1 billion. For more information, visit: www.bii.co.uk | watch here.

About Stella
Stella is the investment entity of the Heinz Hermann Thiele Family Foundation. A substantial portion of its private market allocation is designated to impact investments across a broad range of social, climate and environmental impact themes.

Blue Earth Capital media contact:
media@blueearth.capital